What makes fixed income investing in EM so different?
Neuberger Berman’s Leonardo Bernardini explains why investing in emerging debt markets is vastly different from investing in developed market bonds.
Neuberger Berman
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Is duration risk an issue for high-yield investors?
As inflation is rising and interest rates seem to have bottomed, investors are reducing the duration of their bond portfolios. But is duration risk really a factor in all fixed income asset classes?
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Markets shake off Trump triumph, but long-term risks loom
The surprise US election victory by Donald Trump has greatly increased uncertainty, yet asset prices are now back at similar levels as just a couple of days ago when a Clinton victory looked more likely.
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Why are high-yield bonds so volatile?
High-yield bond volatility has increased markedly over the past two years, which is partly a reflection of mounting macroeconomic uncertainty. But the unprecedented pace at which money is flowing in and out of the asset class suggests there is something more to it.
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Investors in Monaco take refuge in large caps
The majority of Monaco-based investors prefer investing in large caps in all asset classes, as they believe large companies give them better protection against an upcoming market correction.
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How compelling is Brazil’s fixed income story?
Amid the political turmoil, Brazil has done well for fixed income investors, but questions remain around further volatility.
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Emerging market debt – a reversal of fortunes
Investors are fleeing from emerging market debt, and optimism for any recovery in the near term is low, particularly for local currency government bonds.
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Ucits – the right shape for a fund?
Over the past two decades or so, Ucits has become the default fund format for cross-border funds. Since the UCITS IV directive opened up the alternative space for Ucits funds in 2009, the format has become even more ubiquitous. Its dominance has even gone as far that many fund selectors have narrowed down their selection…
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Fund buyers in Luxembourg split on Greece
While Europe’s finance ministers were having another round of fruitless Greek bailout talks just a few blocks away, Luxembourg-based fund selectors proved just as divided on Greece’s economic future as Wolfgang Schäuble and Yanis Varoufakis.
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Risk-parity creates risks of its own kind, say fund managers at Expert Investor Monaco
“Huge amounts of money have been flowing into multi-asset and risk-parity funds,” said Fred Ingham, head of international hedge fund investments for Neuberger Berman, who was one of the speakers at Expert Investor Europe’s first ever event in Monaco. “Kind of all that money is predicated on similar volatility assumptions about correlations within and across…